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Earth Australia Science

Great Barrier Reef Gets $379 Million Boost After Coral Dies Off (bloomberg.com) 104

The Great Barrier Reef is being given a $379 million boost by Australia in the battle to save the world's largest living structure as it faces mounting challenges such as climate change, agricultural runoff and a coral-eating starfish. From a report: "Like reefs all over the world, the Great Barrier Reef is under pressure," Prime Minister Malcolm Turnbull said in a statement on Sunday, calling the funding the largest granted to the famous tourist icon. "A big challenge demands a big investment -- and this investment gives our reef the best chance." [...] The new funding comes after Deloitte Access Economics valued the reef last year at A$56 billion, based on an asset supporting tens of thousands of jobs and which contributes A$6.4 billion a year to the economy. Still, that was before a study released this month in Nature showed about 30 percent of the reef, which is bigger than Japan, died off in 2016 during an extended marine heatwave.
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Great Barrier Reef Gets $379 Million Boost After Coral Dies Off

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  • A spokesman for the reef said the infusion of cash was most welcome and would help local coral diversify into new markets. GBRF closed up 11% on the day at $36.52, a new 52-week high.

  • Has nobody thought this through? What's a reef going to do with 379 million dollars? At least give it to somebody who could do some good with it; the reef has zero fiscal responsibility.

    • Has nobody thought this through? What's a reef going to do with 379 million dollars?

      Invest in SpongeBob SquarePants lunchboxes?

    • Neither does the government.

  • More of that should go into AE, along with putting up SAFE nuke power around the nation. RIght now, they are too heavily based on Coal. Loads of CO2 being pumped out there. OTOH, if they will stop adding coal plants and start replacing them wind wind, solar, geo-thermal, and nukes they could probably save the reef.
    • $379 towards nuclear power would pay for (part of) the environmental impact litigation for one plant. In other words, it would all go to lawyers.

      They already get enough.

    • Cool, that'll address global warming, but just how will it stop water quality related coral bleaching events?

  • My understanding is that most of the problem with the Great Barrier Reef is due to global warming. Another couple of degrees C increase in average global temperature, we'll have a runaway situation in environmental destruction and these expenditures won't be of much use solving the problem. Putting this cash into reducing the use of carbon fuel by converting to renewable electricity generation might be a better use.
  • gets some money. I'm 60 y/o, and to be honest, getting old sucks.

    If I don't read this right I claim ageism and my lawyer will get us some money.

    / sometimes sad to be an American
    // 9 times out of 10 it happens when legal issues arise
    /// recent presidential elections haven't helped
  • too late!!!
  • The horses have bolted!

  • Not all problems can be solved by throwing money at them. This is one of them
  • I thought Australia decided that they'd rather want a useful coal mine instead of a useless pile of corals?

  • read between the lines -
    $200M is being given to red neck farmers

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